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This Week's Top 5 Trades
Daqo New Energy was a day trade featured in this morning’s newsletter. We were looking for a $6-8 move, but the stock was a bit shaky at the open, and we were unable to capture the full move. One-day return of 4.6%.
Nio Inc was featured in yesterday morning’s newsletter. We liked the bounce off of support and decided to take the trade. We are not sure if the selling is over, but we did get a strong finish to the week for a two-day return of 5.6%
#3 PINS (short sale)
With the markets at all-time highs, short sale opportunities have been scarce, but we timed this one perfectly on the move off the news. We featured Pinterest Inc on Monday, looking for a short sale entry at $75.50. We got our entry and covered our position Wednesday as the stock started turning around for a three-day return of 7.2%.
At Home Group was featured in last Monday’s newsletter. We had a $29 entry price and a target price of $36. The stock lost some of its momentum mid-week and did not hit our target. We may repurchase it next week, as we still like the trade, but for now, we decided to book the profits and see what happens. Ten-day return of 8.75%.
This week’s top trade was Playboy Group!
We timed the reversal on this one with pinpoint precision. What an amazing trade. We featured PLBY in Tuesday morning’s newsletter, where we gave an entry price of $34 and a price target of $45. We sold at $45 according to plan but still left another $4.50 on the table as the stock nearly touched $50. We did not think it would run that high but congrats to some of our members that caught the entire move. Two-day return of 32.7%.
(see below email and time stamp of the move)